Suppose Sandy's Candies wants to increase its total revenues. If ...

[lindiwe]

Suppose Sandy's Candies wants to increase its total revenues. If Sandy increases the price of her candy, she must be assuming that the demand for candy is
 
  A) unit elastic.
  B) inelastic.
  C) elastic.
  D) income elastic.

Question 2

The statement that peach ice cream is better than chocolate ice cream
 
  A) can be tested using the scientific approach.
  B) is a normative statement.
  C) is a positive statement.
  D) provides a basis for predicting which type of ice cream will exhibit the most sales.

[mariahkathleeen]

Answer to Question 1

B

Answer to Question 2

B

[lindiwe]

Thanks for the timely response, appreciate it

[EAN94]

Great answer, keep it coming